News for 'Account Based Money Transfer'

'Did Rajini ask Amit Shah to quit over Delhi riots?'

'Did Rajini ask Amit Shah to quit over Delhi riots?'

Rediff.com3 Mar 2020

'He just said that those who cannot control the violence should go. He did not name the BJP.'

The men behind India's first Bitcoin exchange

The men behind India's first Bitcoin exchange

Rediff.com14 Oct 2014

The author meets the brains behind Unocoin, the first Indian Bitcoin exchange and merchant processor in India to have raised international funding.

Tips to make spectacular gains from few stocks

Tips to make spectacular gains from few stocks

Rediff.com9 Nov 2015

Since you are betting only on a few stocks, the risks are high.

Akali leader 'abducted' in Hong Kong freed; accused held in Punjab

Akali leader 'abducted' in Hong Kong freed; accused held in Punjab

Rediff.com29 Oct 2013

A senior ruling Akali Dal leader of Punjab and two other persons from the state, who were allegedly been kidnapped in Hong Kong where they went to finalise a land deal, have been freed unharmed and the prime accused in the case arrested, police said.

Minimise COVID-19 Impact on Finances

Minimise COVID-19 Impact on Finances

Rediff.com3 May 2021

The pandemic should force you to take a hard look at the downside risks that could jeopardise your finances.

A dummy's guide to Bitcoin

A dummy's guide to Bitcoin

Rediff.com13 Jan 2017

Rajesh Bhayani highlights all that you need to know about the online currency.

Bhujbal, nephew, get bail in Maharashtra Sadan case

Bhujbal, nephew, get bail in Maharashtra Sadan case

Rediff.com22 Jun 2016

"They both were produced in the court and were granted bail on a surety of Rs 50,000 each," special public prosecutor Pradeep Gharat said.

How to spot a Ponzi scheme and avoid it

How to spot a Ponzi scheme and avoid it

Rediff.com6 Aug 2018

Ponzi schemes have characteristics that the informed investor can spot easily.

Customers in limbo as banks, RBI thrash out differences

Customers in limbo as banks, RBI thrash out differences

Rediff.com30 Aug 2021

The payments industry is at a crossroads with the banking regulator on two pressing issues, neither of which seems headed towards an amicable solution. Depending upon which side accommodates the other, customers in India will have to choose between convenience and ironclad safety. In the end, the Reserve Bank of India (RBI), which regulates both banks and all payments services providers, will prevail. But the question is: will it do so by bending a little or by sticking to its firm stand? The two issues - one concerning payment facilitators storing customers' card details and the other about auto-renewal of payments - appear similar but aren't.

How PSUs are caught between govt and markets

How PSUs are caught between govt and markets

Rediff.com25 Jan 2021

State-owned companies have been set stiff targets to increase accountability as they get ready for divestment. Nikunj Ohri explains why meeting them will be challenging.

How Aadhaar card can make your life easier

How Aadhaar card can make your life easier

Rediff.com19 Oct 2015

Supreme Court allows more instruments to use the biometric card.

PMO steps into NuPower-Videocon-ICICI Bank controversy

PMO steps into NuPower-Videocon-ICICI Bank controversy

Rediff.com6 May 2018

Prime Minister's Office wants CBI and tax dept to identify the actual beneficiaries of the transactions made in India and abroad.

Over-zealous staffer may have caused Nirav Modi's fall

Over-zealous staffer may have caused Nirav Modi's fall

Rediff.com19 Feb 2018

The Rs 11,400 crore PNB fraud saga unfolded after a bribery complaint by the Hong Kong branch of an Indian bank.

RBI sells special drawing rights to control fiscal deficit

RBI sells special drawing rights to control fiscal deficit

Rediff.com7 Mar 2014

The RBI needs to maintain a healthy contingency reserve so that it can lend its support in case of a bank failure.

RBI pays Rs 28,000 cr interim dividend to govt ahead of elections

RBI pays Rs 28,000 cr interim dividend to govt ahead of elections

Rediff.com18 Feb 2019

The interim dividend will help Narendra Modi-led government partly bridge the deficit its budget had developed after the announcement of a Rs 75,000 crore a year cash dole scheme for small farmers.

HUL, Nestle not sure how to pay profiteering sums

HUL, Nestle not sure how to pay profiteering sums

Rediff.com1 Jun 2018

Experts point out that National Anti-profiteering Authority does not have the power to advise companies on depositing amounts voluntarily.

'All Indians have a big heart': See how big

'All Indians have a big heart': See how big

Rediff.com30 Jul 2020

Meet a Mumbai couple whose hearts are so big that they emptied out their entire savings to help feed the poor and needy during the COVID-19 pandemic.

Sitharaman may announce 2nd coronavirus relief package this week

Sitharaman may announce 2nd coronavirus relief package this week

Rediff.com6 Apr 2020

The finance ministry is working on a second relief package for the Indian economy hit hard by the coronavirus outbreak and the 21-day nationwide lockdown imposed to curb the contagion, sources said. Last month, the government announced a Rs 1.70 lakh crore relief package in the form of foodgrains and cash transfers for the poor and vulnerable section of the society to help them deal with the hardships caused by the lockdown. Now, the government is working on a stimulus to be given to hard-hit sectors of the economy after the lockdown is lifted, sources said, adding that an announcement is expected in the next few days depending on the severity of the pandemic.

The many loopholes of pension scheme for unorganised sector workers

The many loopholes of pension scheme for unorganised sector workers

Rediff.com2 Feb 2019

According to official statistics, half of India's GDP comes from as many as 420 million workers in the unorganised sector including street vendors, rickshaw pullers, construction workers, rag pickers, agricultural workers, among others. This massive workforce remains outside the purview of the formal banking and insurance industries.

An open letter to the RBI governor

An open letter to the RBI governor

Rediff.com11 Jan 2019

Central banking is a science, not an art, Tamal Bandyopadhyay tells RBI Governor Shaktikanta Das.

RBI to rejig financial year in line with government's

RBI to rejig financial year in line with government's

Rediff.com16 Feb 2020

Taking advantage of the RBI's different accounting year, the Centre had started demanding an interim dividend till the time the latter's final balance sheet is prepared (usually in August). To address this anomaly, an expert committee led by former RBI governor Bimal Jalan had recommended aligning the RBI's financial year with that of the government.

Why one shouldn't delay EPF withdrawal

Why one shouldn't delay EPF withdrawal

Rediff.com29 Jul 2013

If your account is idle for over five years, there could be issues with acquiring EPF details.

How Railways plans to supply quality food to passengers

How Railways plans to supply quality food to passengers

Rediff.com19 Dec 2017

The government had also appointed PricewaterhouseCoopers as consultant to come up with a road map to upgrade base kitchens and service on trains.

Petrol crosses Rs 91 mark in Mumbai, LPG above Rs 500

Petrol crosses Rs 91 mark in Mumbai, LPG above Rs 500

Rediff.com1 Oct 2018

Diesel in Mumbai costs Rs 79.72 per litre at IOC outlets and Rs 79.79 at BPCL outlets.

Economy to bounce back next year!

Economy to bounce back next year!

Rediff.com16 Jan 2021

The economy has shown sharp resilience in the past and has also bounced back in good time. We could hence expect a similar trajectory next year, observes Madan Sabnavis, chief economist, CARE Ratings.

DRT directs J P Morgan Bank not to disburse $40 mn to Mallya

DRT directs J P Morgan Bank not to disburse $40 mn to Mallya

Rediff.com17 May 2016

The Debt Recovery Tribunal (DRT) on Tuesday directed Diageo Plc not to disburse $40 million of the $75 million sweetheart deal to him.

Practising Reiki to ride the raging bull on Street

Practising Reiki to ride the raging bull on Street

Rediff.com13 Oct 2014

As the bull-run in Dalal Street gathers pace, people keen on riding it are looking to arm themselves with new tools and techniques.

Judge freezes Neymar's assets in tax evasion probe

Judge freezes Neymar's assets in tax evasion probe

Rediff.com26 Sep 2015

The parents of Brazil forward Neymar have denied any wrongdoing after a judge froze 188.8 million reais ($47.6 million) of the player's assets in a tax evasion case.

No documents needed for NPR: Amit Shah in RS

No documents needed for NPR: Amit Shah in RS

Rediff.com12 Mar 2020

Shah said the Anti-Citizenship Amendment Act protests in the national capital were turned into communal riots. "I call upon my Muslim brothers and sisters that false propaganda is being spread on the issue of CAA. This Act is not to take anyone's citizenship but to give citizenship," said Shah.

India's mood: 'Pessimism, confusion, sadness'

India's mood: 'Pessimism, confusion, sadness'

Rediff.com4 Jun 2020

'Give cash assistance of Rs 75 per person per day and an android phone and you will see the economy reviving.'

Xiaomi Mi Max 2 review: Jack of all, master of none

Xiaomi Mi Max 2 review: Jack of all, master of none

Rediff.com1 Aug 2017

The Mi Max 2 has a bit of many things, but fails to show perfection in any one department.

LTCG tax: Why you must NOT quit equity funds

LTCG tax: Why you must NOT quit equity funds

Rediff.com15 Feb 2018

With the introduction of 10 per cent tax both on long-term capital gains and on dividend, choose funds based on investment horizon and risk appetite, not on tax advantage, experts tell Sanjay Kumar Singh.

How safe is it to play Pokemon in India?

How safe is it to play Pokemon in India?

Rediff.com25 Jul 2016

The user cannot expect his or her privacy to be secured.

Post-coronavirus, Himachal Pradesh stares at tourism whitewash

Post-coronavirus, Himachal Pradesh stares at tourism whitewash

Rediff.com21 Apr 2020

Its economy dependent on tourist arrivals, the hill state is looking at a summer of discontent. Not that the rest of the year promises to be any different. Ashwani Sharma reports from Shimla.

RBI puts restriction on cash payment for marriage expenses

RBI puts restriction on cash payment for marriage expenses

Rediff.com21 Nov 2016

Banks have also been asked to keep records of all disbursals and drawers will have to submit a list person to whom payments will be made out of the funds

'NRC could be the 21st century Ram Janmabhoomi'

'NRC could be the 21st century Ram Janmabhoomi'

Rediff.com30 Mar 2022

'Even if the government does not implement an all-India NRC before 2024, it will be part of the party's long-term project.'

For PayTM CEO, the ATM crisis is boom time

For PayTM CEO, the ATM crisis is boom time

Rediff.com23 Nov 2016

Sleep has been a casualty for Vijay Shekhar Sharma, whose wallet company Paytm has a user base of close to 150 million and is working 20 hours a day.

A look at Jaitley's successes and failures in the past one year

A look at Jaitley's successes and failures in the past one year

Rediff.com26 May 2015

Finance minister Arun Jaitley has few feathers in his cap for taking serious eff

Sahara says Mirach forged bank letter guaranteeing funds

Sahara says Mirach forged bank letter guaranteeing funds

Rediff.com5 Feb 2015

Sahara accuses Mirach Capital of cheating, forging bank letter.

What the rise in China's defence budget really means

What the rise in China's defence budget really means

Rediff.com24 May 2020

'China's opaque defence allocation processes are shrouded in mystery and have triggered security dilemmas among its neighbours and others,' notes China expert Srikanth Kondapalli.